Wall St. Watchdog reveals information about 10 hot stocks that have hit our trading screens here at Wall St. Watchdog in the morning:
- Best Buy Co., Inc. (NYSE:BBY): Shares of Best Buy Co., Inc. traded lower today after a large earnings miss. Best Buy Co., Inc. retails consumer electronics, home office products, entertainment software, appliances and related services through its retail stores, as well as its web site. The Company also retails pre-recorded home entertainment products through retail stores.
- NetLogic Microsystems, Inc. (NASDAQ:NETL): Shares of NetLogic Microsystems, Inc. traded flat today after jumping 50% on a buyout offer from Broadcom. Netlogic Microsystems Inc. is a semiconductor company that designs, develops and markets high performance knowledge-based processors. The Company’s products are designed for a variety of advanced networking systems, such as routers, switches, access multiplexors and networked storage devices.
- Intersil Corporation (NASDAQ:ISIL): Shares of Intersil Corporation traded higher today despite CEO Dave Bell saying chip demand was lower than expected. Intersil Corporation designs and manufactures high performance analog semiconductors. The Company’s products are used in flat panel displays, optical storage, and power management applications.
- Broadcom Corporation (NASDAQ:BRCM): Shares of Broadcom Corporation traded higher today after making a big buyout offer for Netlogic Microsystems. Broadcom Corporation provides integrated silicon solutions that enable broadband digital data transmission of voice, data, and video content to the home and within the business enterprise. The Company designs, develops, and supplies integrated circuits for cable set-top boxes, cable modems, high-speed networking, direct satellite and digital broadcast, and digital subscriber line.
- JPMorgan Chase & Co. (NYSE:JPM): Shares of JPMorgan Chase & Co. traded higher today after Stifel Nicolaus rated the bank a Buy, saying it was undervalued after falling 25% since May. JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
- Citigroup, Inc. (NYSE:C): Shares of Citigroup, Inc. traded higher today despite the FDIC unanimously approving two sets of guidelines laying out what the largest and most complex financial firms must include in their so-called living wills. Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services.
- AT&T, Inc. (NYSE:T): Shares of AT&T, Inc. traded higher today. The announced today that more than 13 million wireless customers, including more than 700,000 in the Dallas-Fort Worth area, soon will have unlimited mobile calling to any domestic mobile number at no additional cost. AT&T Inc. is a communications holding company. The Company, through its subsidiaries and affiliates, provides local and long-distance phone service, wireless and data communications, Internet access and messaging, IP-based and satellite television, security services, telecommunications equipment, and directory advertising and publishing.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)